Recently, friends in the cryptocurrency circle have been asking the same question: when will this wave of decline come to an end? The current market feels like jumping into an ice hole in the cold winter; without some real skills, you can't even see a splash of water.
Let's first take a look at the current market situation. Although Bitcoin is still hovering around the $100,000 mark, trading volume has shrunk to a trickle. Even more heartbreaking are those once-glorious 'star projects'; just casually flipping through any altcoin's K-line chart, 8 or 9 out of 10 show a cliff-like decline. Recently, a new project was launched on an exchange, and the price plummeted from $30 at opening to $0.3, vividly playing out a cryptocurrency version of 'Fast and Furious.'
Why is this happening? Simply put, the market is out of money. The entire cryptocurrency market's trading volume plummeted by 60% in the third quarter this year, and even exchanges that once made money every day are starting to lay off employees for the winter. More critically, even institutional investors are retreating—BlackRock has cut its Bitcoin ETF holdings by a quarter, and Goldman Sachs has paused the expansion of its RWA tokenization business.
What are you still expecting for a 'miraculous rebound'? Look at those altcoins that are still holding on—many project teams have even disbanded. A small DeFi team recently cried out in the community: the promised million-dollar financing has fallen through, and now they can't even gather enough for server maintenance fees. Even worse are those retail investors who followed the trend to speculate—they mortgaged their houses to gamble on MEME coins, and now their houses are about to be taken by the bank.
However, it would be wrong to say there are no opportunities at all. Those chains that truly have practical applications are quietly rising. For example, Solana processed $12 billion in on-chain payments last month, tripling from the previous quarter. There’s also an IoT project called Helium, which managed to raise $80 million in the cold winter thanks to 110,000 users covering hotspots. What does this indicate? The market is voting with real money—only projects that can solve practical problems have a chance to survive.
For ordinary players, Lao Zhang says a heartfelt truth: now is really not the time to play with your heart rate. Instead of staring at the K-line chart every day and feeling anxious, it's better to focus your energy on your main job. If you really want to invest, choose projects with real revenue and reliable teams. Remember three phrases: don't touch air coins, don't chase high leverage, and don't blindly trust 'experts' recommendations.
Finally, let me leave you with a saying: those who survive after the cold winter are never the ones who just talk big, but those who truly have value. Instead of being a gambler in the crypto circle, it's better to learn real blockchain technology early. After all, when the tide goes out, we can see who is swimming naked.
